CM Naidu orders action plan for Visakha Economic Region from Srikakulam to Konaseema

Amaravati: Chief Minister N Chandrababu Naidu directed the officials to prepare an action plan for the development of the Visakha Economic Region, covering from Srikakulam to Konaseema. He said necessary policies should be formulated to attract investments in the Visakha economic region.

The Chief Minister conducted a review meeting at the Secretariat here on Monday on the Visakha Economic Region to make it a growth hub for the state. He said priority should be given to improve cargo handling right from Mulapet port in Srikakulam to Kakinada port as the ports serve as cargo handling centres for Odisha, Chhattisgarh, Madhya Pradesh and Maharashtra. He said the coastline should be developed as an East-West coastal corridor.

Focus on green sector

More focus should be made on developing green energy projects in the economic region, as Visakhapatnam is going to emerge as a global IT hub with the setting up of the Next Gen AI data centre by Google. He said Visakhapatnam should be developed as a health care hub and medical tourism should be promoted. At the same time to meet the growing demand, housing projects should be taken up.

Visakha economic region is likely to attract investments to the tune of 100 to 115 billion dollars, including 15 billion dollars from central government sectors and 85 billion dollars from the private sector. The officials appealed to the Chief Minister to set up the Visakha Economic Region Authority.